Passing Assets Without Probate or a Trust

Published: Thu, 09/29/16

Hi 

For those with few assets, sometimes it can make sense to take advantage of simple probate avoidance tools. Your 401(k)s and IRAs avoid probate by naming beneficiaries, and banks have created a similar setup for their accounts as well.  For more information, see my article discussing the use (and pitfalls) of a Pay on Death account at http://www.legalees.com/pay-death-accounts

Lee Phillips

P.S. It is best to have an entire estate plan in place. Review the pillars of a good estate plan on my site at http://www.legalees.com/personal-planning/.